CBS Profits Rise 14 Percent in 1Q
CBS Profits Rise 14 Percent in 1Q
NEW YORK — CBS Corp.’s earnings rose 14 percent in the first quarter as a new international TV syndication agreement kicked in for its “CSI” franchise.
Thye company that also also owns Simon & Schuster and a large radio broadcasting business said Tuesday it earned $244.3 million in the first three months of the year, up from $213.5 million last year.
Per-share earnings rose to 36 cents from 28 cents, ahead of analysts estimates of 33 cents, as compiled by Thomson Financial.
Revenues were essentially flat at $3.65 billion versus $3.66 billion a year ago.
2008 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
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